The firm, Michael Barkusky CGA, has developed some experience in the past 14 years in dealing with the unique tax and accounting issues that arise in deceased estates (testamentary trusts) and inter-vivos personal trusts (an inter-vivos trust is a trust established by a living person)
Under the Trustee Act (RSBC 1996 CHAPTER 464) the BC Supreme Court may require Executors’ Accounts to be prepared and “passed” periodically, where there are minor beneficiaries under a will. It may be prudent also to prepare such accounts where there is a risk of litigation by beneficiaries against executors, since court approval will in any case be required if the trustees are seeking trustee compensation under the Trustee Act and not all beneficiaries are prepared to consent to the compensation sought.
The firm, Michael Barkusky CGA, can work closely with your solicitors to determine if formal Executors / Trustees Accounts should be prepared in the now Court-specified form, and to ensure that such accounts are available when needed.